Living in Florida's Space Coast
CORAL REEF
Coral Reef is the condo building in Indialantic where $930,000 was the median across two closed sales in the last twelve months, three of three properties front the Atlantic, and the association runs about $1,600 a month. Built 1992.
Coral Reef In Indialantic, Florida
Coral Reef sits in Indialantic, in the 32903 zip code, on A1A. Over the last twelve months two of the three properties I tracked here actually closed, at a $930,000 median.
The housing stock is 3 condos, built 1992. The size range runs 1,885 to 2,910 square feet, which is wide enough that the neighborhood median tells you very little about any one property. Price it off the comparable sales on that street, not the plat.
Sellers closed at about 94 percent of original list, a normal working spread for beachside Brevard. The room that exists shows up on properties that have already cut once.
three of the three properties front the Atlantic, so water is the default here rather than the upgrade. What moves price is the condition of the seawall, the dock and the lift, and none of that shows in the photos.
Coral Reef At A Glance
Every figure below comes from the last twelve months of Indialantic market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 3 condos, mostly one story |
| Home size range | Roughly 1,885 to 2,910 square feet, median about 1,885 |
| Bedrooms and baths | three to four bedrooms, two to four baths |
| Lot size | 0.09 to 0.09 acres, median about 0.09 |
| Year built | 1992, median 1992 |
| Median sold price | $930,000 over the last twelve months |
| Sold price range | $760,000 to $1,100,000 |
| Price per square foot | About $391 median |
| HOA dues | $1,600 median a month, reported on 3 of 3 listings |
| Waterfront | 3 of 3, on the Atlantic |
| Private pools | 1 of 3 |
| Garage | 3 of 3 listings reported a garage |
| Property tax | About $7,386 median annual, ranging widely with assessment history |
| Days on market | 88 days median, at about 94 percent of original asking price |
| Location | Indialantic, 32903 |
Coral Reef Costs, Honestly
The line items that decide what this actually costs you, beyond the purchase price.
Insurance And Flood
Get the quote firstEvery address on this island is underwritten on its own elevation certificate, roof age and opening protection. Two properties on the same street can be thousands apart a year. I get you a real quote inside the inspection period, before the payment you are picturing becomes the payment you are stuck with.
The Seawall And The Dock
The item people forgetA seawall has a lifespan and replacing one is a five figure job. So is a dock, a lift and the electrical that runs them. On a property where the association may or may not own that structure, that question gets answered in writing before you go hard on a deposit.
The Tax Bill Resets
About $7,386 median todayThat is what the current owners pay, not what you will. Florida caps annual assessment increases for homesteaded owners and the cap resets on sale, so on a property somebody has held fifteen years your first bill can land materially higher. I run the reset number before you write.
Real Negotiating Room
About 94 percent of original listA 88 day median with closings near 94 percent of the original asking price. That is a narrow gap, so the win here comes from being ready to move rather than from grinding the price.
Coral Reef Features
Waterfront Is Standard
3 of the 3 properties front the Atlantic. Verify the seawall condition, the dock permit and the actual depth at low tide before you rely on a listing photo.
Association On Record
A median of $1,600 a month across 3 of the 3 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pool Homes Here
1 of the last 3 had a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than they do inland, so those get inspected separately from the house.
Mostly Single Story
3 of the 3 listings reporting stories were one level, typical of when this was platted.
Original Era Housing
Median year built is 1992. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.
Garages Are Common
3 of the 3 listings reported a garage, which on the beachside is less common than buyers expect.
Homes For Sale In Coral Reef
Every active Coral Reef listing, straight from the MLS and updated as it changes.
Coral Reef Frequently Asked Questions
What do homes sell for in Coral Reef?
The median closed price over the last twelve months was $930,000 across two sales, ranging $760,000 to $1,100,000. Median price per square foot was $391.
Does Coral Reef have an HOA?
Yes. The median reported association fee is $1,600 a month, on 3 of the 3 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
Is Coral Reef waterfront?
3 of the 3 properties front the Atlantic. Which water it is changes the price, and on canal or river frontage the seawall, the dock permit and the low tide depth all need checking before you rely on the photos.
Can you negotiate on price in Coral Reef?
Sellers closed at about 94 percent of original list over the last year. There is some room, and it tends to show up on properties that have already had a price cut. I price the offer off the specific comparable sales, not the neighborhood average.
Are there pool homes in Coral Reef?
Yes. 1 of the 3 properties have a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than inland, so I have those inspected separately from the structure.
What are property taxes like in Coral Reef?
The median bill on record is about $7,386, but that is what the current owners pay. Florida caps annual assessment increases for homesteaded owners and the cap resets when the property sells, so your first bill can be materially higher. I run the reset number before you write an offer.
What is the buying process like in Coral Reef?
I pull the closed comparable sales for the specific street, get a real wind and flood quote inside the inspection period, run the tax reset so the monthly payment you are picturing is the one you will actually have, and read whatever association or deed documents apply. Then we write. Call me at (321) 212-7676.
Indialantic, 32903
Coral Reef sits in Indialantic, in the 32903 zip code, on A1A. The Melbourne Causeway lands here, so downtown Melbourne is five minutes west and the sand is two minutes east.
The town is small and layered. Oceanfront towers line A1A, 1950s and 1960s platted streets sit behind them, and pockets of larger homes with deep water sit on the river side. Those three markets are within a few blocks of each other and price nothing alike.
Near Coral Reef In Indialantic
Considering Coral Reef?
If Coral Reef is on your list, my partner Nichole and I are the agents to call. We work Indialantic every week, we know these streets, and we will tell you straight whether a property is priced right. Reach out anytime at (321) 212-7676.
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